A home appraisal helps sellers extract maximum value and protects buyers and lenders from overpaying.
The goal of an appraisal is to provide an estimation of a property’s market value.
A home appraisal may not be top of mind when you're looking to buy, sell or refinance a home. But maybe it should be: An appraisal determines for the seller, the buyer and the lender how much a home is worth.
The purpose is to protect the buyer and the lender from paying too much.
A home appraisal isn't the most glamorous part of buying or selling a home, but it's a key step. Learn more about the home appraisal process.
Comments(2)